With a ~4% yield, double-digit dividend growth, a modest payout ratio, and the potential that shares are 23% undervalued, this stock is a very compelling long-term investment idea for dividend growth investors.
One of the highest-quality companies in the world is on sale right now… and it pays you big, reliable, growing dividends to simply own shares. These growing dividends are funded by growing profit, because this business is selling essential products to millions of people every single day. In fact, even during the current pandemic, this company’s businesses have been deemed “essential” by the government. That’s how important they are.
Would you like to own a stake in over 6,000 rental properties? Would you like to get paid a monthly “rent check” without being a landlord or doing any of the work? The high-yield stock I’m featuring today — which has grown its dividend for 27 consecutive years – offers all this… and much more. And right now could be a great time to buy this stock too, as shares appear ~30% undervalued.